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House Reps Names, Shames Five Public Companies For Taking PPP Loans Meant For Small Businesses

2020-05-09 145 Dailymotion

Representatives from the US House blasted five publicly traded companies for taking Paycheck Protection Program loans meant for small businesses.<br />MiMedx, Quantum, EVO Transportation & Energy Services, Gulf Island Fabrication, Universal Stainless, and Alloy Products were named.<br />According to Business Insider, the House subcommittee on the coronavirus crisis demanded they return loans received from the treasury.<br />Of the six named companies, only MiMedx has agreed to return its $10 million loan so far.<br />In total only 48 public companies of the 387 that received PPP loans have returned the money.

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